GSA Capital Partners LLP increased its position in Principal Financial Group Inc (NYSE:PFG) by 19.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,376 shares of the financial services provider’s stock after acquiring an additional 2,332 shares during the period. GSA Capital Partners LLP’s holdings in Principal Financial Group were worth $925,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Principal Financial Group by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 30,237,096 shares of the financial services provider’s stock worth $1,937,291,000 after acquiring an additional 587,221 shares during the period. BlackRock Inc. increased its holdings in shares of Principal Financial Group by 3.3% in the 2nd quarter. BlackRock Inc. now owns 18,306,790 shares of the financial services provider’s stock worth $1,172,916,000 after acquiring an additional 592,172 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Principal Financial Group by 6,656.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock worth $193,529,000 after acquiring an additional 2,975,888 shares during the period. Schroder Investment Management Group increased its holdings in shares of Principal Financial Group by 17.0% in the 3rd quarter. Schroder Investment Management Group now owns 1,807,710 shares of the financial services provider’s stock worth $115,693,000 after acquiring an additional 262,065 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of Principal Financial Group by 29.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,607,888 shares of the financial services provider’s stock worth $103,451,000 after acquiring an additional 365,068 shares during the period. 68.64% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on PFG. Royal Bank of Canada reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Principal Financial Group in a report on Wednesday, September 6th. Wells Fargo & Co set a $79.00 target price on shares of Principal Financial Group and gave the company a “buy” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $73.00 target price on shares of Principal Financial Group in a research note on Monday, December 11th. Zacks Investment Research cut shares of Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Morgan Stanley raised their target price on shares of Principal Financial Group from $67.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $68.20.

Principal Financial Group Inc (NYSE:PFG) opened at $71.26 on Tuesday. The company has a market cap of $20,840.00, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.35 and a beta of 1.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.10 and a current ratio of 0.10. Principal Financial Group Inc has a 52 week low of $56.12 and a 52 week high of $72.23.

Principal Financial Group (NYSE:PFG) last released its earnings results on Thursday, October 26th. The financial services provider reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.02). The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.12 billion. Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. During the same period in the previous year, the business posted $1.15 EPS. equities research analysts forecast that Principal Financial Group Inc will post 5.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Monday, December 4th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.96 annualized dividend and a dividend yield of 2.75%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. Principal Financial Group’s payout ratio is currently 32.13%.

In other news, CFO Deanna D. Strable-Soethout sold 18,905 shares of Principal Financial Group stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $70.07, for a total value of $1,324,673.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Daniel Joseph Houston sold 37,080 shares of Principal Financial Group stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $70.05, for a total transaction of $2,597,454.00. The disclosure for this sale can be found here. Insiders sold a total of 239,075 shares of company stock worth $16,583,171 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

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Principal Financial Group Profile

Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

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Institutional Ownership by Quarter for Principal Financial Group (NYSE:PFG)

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